AE Wealth Management LLC Grows Holdings in iShares S&P 500 Growth ETF $IVW

AE Wealth Management LLC raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,568 shares of the company’s stock after buying an additional 17,269 shares during the quarter. AE Wealth Management LLC owned about 0.13% of iShares S&P 500 Growth ETF worth $87,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IVW. Davis Capital Management purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at approximately $28,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $28,000. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at approximately $28,000. Darwin Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $30,000. Finally, Howe & Rusling Inc. grew its holdings in iShares S&P 500 Growth ETF by 484.1% during the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $126.58 on Friday. The company has a market capitalization of $68.17 billion, a P/E ratio of 33.33 and a beta of 1.15. iShares S&P 500 Growth ETF has a one year low of $84.89 and a one year high of $126.88. The stock has a 50 day moving average price of $118.51 and a 200-day moving average price of $121.24.

iShares S&P 500 Growth ETF Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.